Sumitomo Mitsui Trust Group Inc. Trims Stock Position in KBR, Inc. (NYSE:KBR)

Sumitomo Mitsui Trust Group Inc. lessened its holdings in shares of KBR, Inc. (NYSE:KBR - Free Report) by 28.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,264 shares of the construction company's stock after selling 12,224 shares during the period. Sumitomo Mitsui Trust Group Inc.'s holdings in KBR were worth $1,557,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KBR. Boston Partners grew its holdings in KBR by 12,326.4% during the fourth quarter. Boston Partners now owns 3,242,416 shares of the construction company's stock worth $188,098,000 after acquiring an additional 3,216,323 shares during the period. Norges Bank acquired a new position in KBR during the fourth quarter worth $104,033,000. Wellington Management Group LLP grew its holdings in KBR by 240.2% during the fourth quarter. Wellington Management Group LLP now owns 1,653,299 shares of the construction company's stock worth $95,776,000 after acquiring an additional 1,167,282 shares during the period. Balyasny Asset Management L.P. grew its holdings in KBR by 444.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,247,506 shares of the construction company's stock worth $72,268,000 after acquiring an additional 1,018,539 shares during the period. Finally, Hudson Way Capital Management LLC grew its holdings in KBR by 128.3% during the fourth quarter. Hudson Way Capital Management LLC now owns 1,053,710 shares of the construction company's stock worth $61,041,000 after acquiring an additional 592,063 shares during the period. Institutional investors and hedge funds own 97.02% of the company's stock.

Insiders Place Their Bets

In related news, CEO Stuart Bradie sold 20,000 shares of the stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the transaction, the chief executive officer directly owned 802,361 shares in the company, valued at approximately $42,372,684.41. This represents a 2.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.11% of the company's stock.

Wall Street Analysts Forecast Growth

KBR has been the topic of several research reports. KeyCorp lowered KBR from an "overweight" rating to a "sector weight" rating in a report on Monday, June 23rd. UBS Group lowered KBR from a "buy" rating to a "neutral" rating and lowered their target price for the company from $66.00 to $54.00 in a report on Wednesday, July 2nd. Citigroup lowered their target price on KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Wall Street Zen lowered KBR from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. Finally, The Goldman Sachs Group lowered KBR from a "buy" rating to a "neutral" rating and set a $55.00 target price on the stock. in a report on Tuesday, May 27th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $64.14.

KBR Price Performance

Shares of KBR traded down $0.67 during trading hours on Monday, reaching $46.95. 1,983,940 shares of the company traded hands, compared to its average volume of 1,389,683. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 1.89. The stock has a market capitalization of $6.09 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 0.91 and a beta of 0.74. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two week high of $72.60. The stock has a fifty day simple moving average of $51.98 and a 200 day simple moving average of $52.69.

KBR (NYSE:KBR - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.10. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $2.09 billion. KBR had a return on equity of 32.55% and a net margin of 4.99%. The business's revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 earnings per share. As a group, research analysts predict that KBR, Inc. will post 3.26 EPS for the current fiscal year.

KBR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 13th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.66 annualized dividend and a yield of 1.41%. KBR's dividend payout ratio (DPR) is presently 22.07%.

KBR Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.